Macclesfield fintech Quint Group eyes turnover growth with new data business
Cheshire fintech firm Quint Group has launched a new data business – and expects the brand to turn over millions in its first year.
Infinian will look to leverage and commercialise the Macclesfield-based group’s real-time data assets.
Quint said the new arm’s product suite will help customers enhance the quality of their credit decisions and customer databases, which could enable them to create more efficient and profitable operating models.
Infinian is forecast to achieve revenues over £2m in its first 12 months.
The wider Quint business generated a turnover of more than £35m in the last financial year and expects the figure to pass £50m this year.
Last summer, Quint Group announced profit growth of more than 250% for the 12 months to March 2017.
It said the recent uptick has been driven by “a number of factors”, including growth in its data business.
Quint Group’s founder and chief exec, Greg Cox, said: “With Infinian we are able to provide unique insightful data to financial services businesses, fintech companies and some of the biggest global data businesses and credit bureaus.
“Infinian’s suite of products gives a new source of alternative data that enables our customers to enhance the quality of their credit decisions and existing customer’s databases, enabling them to create more efficient and profitable operating models.”
Infinian CIO Sam Colclough commented: “Our ‘Vision’ database is unique, fed in real time by exclusive data created from Quint’s market leading customer finance businesses, as well as thousands of other real-time data points.
“The data is then intelligently deployed into Infinian’s product suite which falls into four key areas; credit risk, fraud, collections and tracing, and enhancement.”